Scottrade and TD Ameritrade Coming Together as One
I am pleased to announce that an agreement has been reached for Scottrade to be acquired by TD Ameritrade. Separately, Scottrade Bank has reached a similar agreement with TD Bank Group.
For now, nothing changes and no action is needed on your part. It will take several months for the transactions to close and until then, we will be operating as separate and independent companies. That means it is business as usual at Scottrade Bank. You will continue to work with us just as you do today and we will be here to assist you in every way possible.
You may have more specific questions about what this announcement means, so we have included some additional information below. We are committed to keeping you informed throughout this process and will periodically update this list as new information becomes available. Many details are still unknown.
In the meantime, if you have questions, please do not hesitate to contact us.
Thank you for your business,
Founder and Chief Executive Officer
Scottrade Financial Services
We know you have questions and we want to keep you informed about what this means for you. As we learn new information, we will update this page.
On Oct. 24, 2016, it was announced that an agreement has been reached for Scottrade to be acquired by TD Ameritrade. In a separate transaction, Scottrade Bank has reached a similar agreement with TD Bank Group.
When will the acquisition be complete?
The transactions are subject to a closing period that is expected to take several months. During that time, there is no impact to your mortgage, loan or lease or your relationship with us.
Will anything change with my mortgage, loan or lease?
Until the transactions close, Scottrade Bank and TD Bank Group will be operating as separate and independent companies. You will have the same relationship with us that you have today. We will be here to assist you in every way possible.
What happens to my mortgage, loan or lease when the acquisition is complete?
There are many details that have yet to be worked through. Scottrade Bank and TD Bank Group are working closely together to ensure our customers’ account transitions are smooth and simple. We will be sure to keep you informed as new information is available.
If I am in the process of initiating a new mortgage, loan or lease with Scottrade Bank, does this announcement impact me?
No. It is business as usual at Scottrade Bank. We’ll continue to work with our customers, initiating new loans and helping our clients just as we always have. We will be sure to keep you informed as new information is available.